UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment ( ); Amendment Number:
This Amendment (Check only one.): ( ) is a restatement.
( ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Nationwide Life Insurance Company
Address: One Nationwide Plaza
Columbus, OH 43215
13F File Number: 28-606
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the
report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists, and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Robert J. Woodward, Jr.
Title: Executive Vice President and Chief Investment Officer
Phone: (614)249-7696
Sinature, Place, and Date of Signing:
Robert J. Woodward, Jr. Columbus, Ohio May 10, 1999
Report Type (Check only one.):
( X) 13F HOLDINGS REPORT.
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF
1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total: 49
Form 13F Information Table Value Total: $1,233,578,617
List of Other Included Managers:
No. 13F File Number Name
01
02
03
04
<TABLE>
<S> <C> <C> <C> <S> <C>
FORM 13F INFORMATION TABLE
3/31/1999
VALUE SHARES SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRIN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
AMERICAN HOME PRODS CORP COM 026609107 56,349,900 863,600 SH OTHER 01 02 863,600
AMERICAN INTL GROUP INC COM 026874107 78,061,142 647,139 SH OTHER 01 02 647,139
AVON PRODS INC COM 054303102 40,869,075 868,400 SH OTHER 01 02 868,400
BANK ONE CORP COM 06423A103 41,630,829 756,065 SH OTHER 01 02 756,065
BAXTER INTL INC COM 071813109 14,406,216 218,276 SH OTHER 01 02 218,276
BERKSHIRE HATHAWAY INC DEL CL A 084670108 22,848,000 320 SH OTHER 01 02 320
BRISTOL MYERS SQUIBB CO COM 110122108 52,120,800 812,800 SH OTHER 01 02 812,800
CBS CORP COM 12490K107 6,476,944 158,700 SH OTHER 01 02 158,700
CATERPILLAR INC DEL COM 149123101 11,723,250 255,200 SH OTHER 01 02 255,200
CHUBB CORP COM 171232101 21,059,075 359,600 SH OTHER 01 02 359,600
CISCO SYS INC COM 17275R102 37,149,905 339,075 SH OTHER 01 02 339,075
CITIGROUP INC COM 172967101 41,039,688 642,500 SH OTHER 01 02 642,500
CONSOLIDATED STORES CORP COM 210149100 23,183,000 764,800 SH OTHER 01 02 764,800
CORNING INC COM 219350105 33,852,000 564,200 SH OTHER 01 02 564,200
COX COMMUNICATIONS INC NEW CL A 224044107 38,411,601 507,922 SH OTHER 01 02 507,922
DISNEY WALT CO DEL COM 254687106 19,141,875 615,000 SH OTHER 01 02 615,000
DOW CHEM CO COM 260543103 14,117,906 151,500 SH OTHER 01 02 151,500
EMERSON RADIO CORP COM 291087203 123,549 164,732 SH OTHER 01 02 164,732
EXXON CORP COM 302290101 17,386,600 246,400 SH OTHER 01 02 246,400
FLORIDA PROGRESS CORP COM 341109106 5,662,500 150,000 SH OTHER 01 02 150,000
GANNETT INC COM 364730101 13,986,000 222,000 SH OTHER 01 02 222,000
GENERAL ELEC CO COM 369604103 48,719,250 440,400 SH OTHER 01 02 440,400
GIBSON GREETINGS INC COM 374827103 351,000 48,000 SH OTHER 01 02 48,000
GILLETTE CO COM 375766102 12,481,875 210,000 SH OTHER 01 02 210,000
HEALTHSOUTH CORP COM 421924101 11,082,783 1,068,220 SH OTHER 01 02 1,068,220
IMS HEALTH INC COM 449934108 9,010,000 272,000 SH OTHER 01 02 272,000
IKON OFFICE SOLUTIONS INC COM 451713101 11,828,500 923,200 SH OTHER 01 02 923,200
INTEL CORP COM 458140100 25,023,188 210,500 SH OTHER 01 02 210,500
INTERNATIONAL BUSINESS MACHS COM 459200101 45,907,750 259,000 SH OTHER 01 02 259,000
JOHNSON & JOHNSON COM 478160104 64,458,900 689,400 SH OTHER 01 02 689,400
KNIGHT RIDDER NEWSPAPERS INC COM 499040103 10,110,000 202,200 SH OTHER 01 02 202,200
MARRIOTT INTL INC NEW CL A 571903202 202,288 6,016 SH OTHER 01 02 6,016
MEDIAONE GROUP INC COM 58440J104 35,829,500 564,800 SH OTHER 01 02 564,800
MEDTRONIC INC COM 585055106 34,140,625 475,000 SH OTHER 01 02 475,000
MELLON BK CORP COM 585509102 8,543,525 121,400 SH OTHER 01 02 121,400
MILLIPORE CORP COM 601073109 15,184,275 629,400 SH OTHER 01 02 629,400
MOBIL CORP COM 607059102 10,750,080 122,160 SH OTHER 01 02 122,160
MONSANTO CO COM 611662107 22,440,469 488,500 SH OTHER 01 02 488,500
PEPSICO INC COM 713448108 16,223,625 414,000 SH OTHER 01 02 414,000
PFIZER INC COM 717081103 48,840,000 352,000 SH OTHER 01 02 352,000
PROCTOR & GAMBLE CO COM 742718109 39,018,300 398,400 SH OTHER 01 02 398,400
RALSTON PURINA CO COM RAL-PUR GP 751277302 3,396,972 127,287 SH OTHER 01 02 127,287
SCHERING PLOUGH CORP COM 806605101 44,564,650 806,600 SH OTHER 01 02 806,600
SCHLUMBERGER LTD COM 806857108 14,083,875 234,000 SH OTHER 01 02 234,000
SPRINT CORP COM FON GROUP 852061100 19,798,681 201,770 SH OTHER 01 02 201,770
SPRINT CORP PCS COM SER 1 852061506 4,470,467 100,885 SH OTHER 01 02 100,885
VULCAN MATLS CO COM 929160109 37,020,131 896,100 SH OTHER 01 02 896,100
WARNER LAMBERT CO COM 934488107 27,341,375 412,700 SH OTHER 01 02 412,700
WELLS FARGO & CO COM 949740104 23,156,678 660,440 SH OTHER 01 02 660,440
</TABLE>
